Mackenzie Financial Corp Sells 791,283 Shares of Amazon.com, Inc. $AMZN

Mackenzie Financial Corp lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,519,084 shares of the e-commerce giant’s stock after selling 791,283 shares during the quarter. Amazon.com comprises 1.5% of Mackenzie Financial Corp’s portfolio, making the stock its 7th largest position. Mackenzie Financial Corp owned approximately 0.05% of Amazon.com worth $1,050,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,097,911 shares of company stock worth $5,675,986,299. 9.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Truist Financial upped their target price on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Westpark Capital reaffirmed a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, Bank of America upped their target price on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $262.87.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $229.12 on Thursday. The stock has a fifty day moving average price of $223.48 and a two-hundred day moving average price of $208.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market cap of $2.44 trillion, a P/E ratio of 34.93, a PEG ratio of 1.53 and a beta of 1.31. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.